HighTower Advisors LLC Cuts Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

HighTower Advisors LLC reduced its stake in Toll Brothers, Inc. (NYSE:TOL) by 23.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,074 shares of the construction company’s stock after selling 11,306 shares during the quarter. HighTower Advisors LLC’s holdings in Toll Brothers were worth $4,669,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TOL. Moors & Cabot Inc. lifted its position in shares of Toll Brothers by 15.0% during the fourth quarter. Moors & Cabot Inc. now owns 2,683 shares of the construction company’s stock valued at $338,000 after purchasing an additional 349 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of Toll Brothers by 450.0% during the 4th quarter. Wealthfront Advisers LLC now owns 8,547 shares of the construction company’s stock worth $1,076,000 after buying an additional 6,993 shares in the last quarter. Marathon Trading Investment Management LLC purchased a new position in shares of Toll Brothers in the 4th quarter worth approximately $630,000. Vista Investment Partners II LLC bought a new position in shares of Toll Brothers in the fourth quarter valued at approximately $1,213,000. Finally, Independent Advisor Alliance lifted its holdings in Toll Brothers by 10.1% during the fourth quarter. Independent Advisor Alliance now owns 2,450 shares of the construction company’s stock worth $309,000 after acquiring an additional 225 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TOL has been the subject of several research analyst reports. Bank of America decreased their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Barclays dropped their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Citigroup decreased their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Oppenheimer dropped their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,785 shares of company stock worth $1,479,185 over the last three months. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Up 1.9 %

TOL opened at $106.98 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a one year low of $102.49 and a one year high of $169.52. The firm has a market capitalization of $10.69 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a fifty day moving average price of $121.96 and a 200-day moving average price of $138.01.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Equities research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.88%.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.